~i’m passionate about staying and being debt-free. this is a great article for those who needs that Biblical motivation to not be slaves to the lenders. enjoy. 🙂 [Picture is not mine]
The rich rules over the poor, and the borrower is servant to the lender.
1 Timothy 6:6-10
If a new “toy” caught your eye — boat, car, a recreational vehicle of some sort — but the cost was beyond your reach, how would you respond to this offer from the salesman: “I can work out a way for you to make the purchase, with only one stipulation: You and your family will become my slaves for the duration of the six-year loan. It won’t be that bad. It just means you’ll have to get my permission before you spend any money — even a penny — for the next six years.”
What would you do? Without thinking, we enslave ourselves every time we borrow money to buy something we actually can’t afford — if we believe Proverbs 22:7 (NIV), that is: “the borrower is slave to the lender.” We wouldn’t think of letting someone enslave our family, but Proverbs 25:28 suggests how it happens: “Whoever has no rule over his own spirit is like a city broken down, without walls.” Lack of self-control in any area invites others to enslave us. Without self-control, we buy what we can’t afford. With the resulting debt, we enslave ourselves to the lender.
Ask God today for the protection of self-control when it comes to spending, and for the resulting freedom to be no one’s servant except His.
The alternative to discipline is disaster.